With a loan of EUR 5,000 Phally will be able to purchase more cassava and bananas for her trading business.
Phally Din, 33, is married and lives with her husband and one child in Kampong Cham province. To earn a living, she grows cassava, bean, and cashew nuts. She also works as a dealer, purchasing cassava and bananas to resell. Din Phally is now asking for a loan to trade cassava and bananas.
Together with local partner Kredit Lendahand will provide a loan that must be repaid in 12 months.
|Nom de l’entreprise||Din Phally|
|Chiffre d'affaires||€13 636,36|
Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.
Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No poverty
SDG 8. Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
Related blog articles
Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- Grâce à cet investissement 1 emploi est créé
- Avec cet investissement 4 sont améliorées